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It doesn't have to be untrue at all. If you only have two classes then there is no middle class. If the trend is that the middle class is moving toward size 0
by zaphar 12y ago
It doesn't have to be untrue at all. If you only have two classes then there is no middle class.
If the trend is that the middle class is moving toward size 0 while the upper and lower classes are growing or staying the same size then the middle class is indeed vanishing.
It's not hyperbolic it's a statement of the current trend. Will the trend continue? Maybe. Maybe not. But pretending the trend can't exist is literally denying reality.
- Isamu 12y ago> If the trend is that the middle class is moving toward size 0 while the upper and lower classes are growing I think you've hit on it, there would have to be nobody on the income distribution curve in the middle, between the vast bump of poor on one hand and the smaller bump and long tail of rich on the other hand. But that's not what we have. We have a literal median with most people making money in the middle, and it has gradually shifted higher, but not as quickly as the rich, which is the real problem.